Housing
is an integral part of what redevelopment does in
revitalizing a community. The net effects is to eliminate
blight or substandard housing, and increase the overall
supply. The Agency has adopted the
strategy
to increase the housing mix downtown for all income levels.
According
to
Section 33334.2 20% of
tax increment is to
be used to improve, increase or preserve the supply of
affordable housing. These legally required and restricted
funds are known as Housing Set-Aside or Low and Moderate
Income Housing Funds.
Other
housing programs are available through the City of Modesto's
Parks, Recreation and Neighborhoods Department. Their
website is www.modestogov.com/rnd/neighborhoods,
or they can be reached for the Down Payment Assistance
Program at 209-577-5247 and for the Affordable Housing
Program at 209-577-5310.